(Update) Special Tax deduction on Tax & Secretarial Fee With the gazette of The Income Tax (Deduction for Expenses in relation to Secretarial Fee and Tax Filing Fee (Amendment Rules 2021), we are pleased to highlight the changes. T&C apply! Read full story in our blog https://lnkd.in/g52SmM5w 퐕퐢퐬퐢퐭 퐮퐬 Wisma 퐊퐓퐏, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru Wisma 퐓퐇퐊, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru 퐊퐓퐏 (퐀퐮퐝퐢퐭,퐓퐚퐱, 퐀퐝퐯퐢퐬퐨퐫퐲) An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients Website www.ktp.com.my Instagram https://bit.ly/3jZuZuI Linkedin https://bit.ly/3sapf4l Telegram http://bit.ly/3ptmlpn 퐓퐇퐊 (퐒퐞퐜퐫퐞퐭퐚퐫퐢퐚퐥, 퐀퐜퐜퐨퐮퐧퐭/퐏퐚퐲퐫퐨퐥퐥, 퐀퐝퐯퐢퐬퐨퐫퐲) A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients Website www.thks.com.my Facebook https://bit.ly/3nQ98rs

1. KTP & Company PLT (AF1308)(LLP0002159-LCA)
Special Tax Deduction
Tax & Secretarial Fee
AskKtpTax
AskThkAcc
25/01/22

2. KTP & Company PLT (AF1308)(LLP0002159-LCA)
Special Tax Deduction
Tax & Secretarial Fee
AskKtpTax
AskThkAcc
25/01/22
The Income Tax (Deduction for Expenses
in relation to Secretarial Fee and Tax
Filing Fee (Amendment Rules 2021)

3. KTP & Company PLT (AF1308)(LLP0002159-LCA)
Special Tax Deduction
Tax & Secretarial Fee
AskKtpTax
AskThkAcc
25/01/22
Maximum to RM15,000
combined per year

4. KTP & Company PLT (AF1308)(LLP0002159-LCA)
Special Tax Deduction
Tax & Secretarial Fee
AskKtpTax
AskThkAcc
25/01/22
Incurred and Paid

5. KTP & Company PLT (AF1308)(LLP0002159-LCA)
Special Tax Deduction
Tax & Secretarial Fee
AskKtpTax
AskThkAcc
25/01/22
Incurred and Paid with effect
from YA 2022

6. KTP & Company PLT (AF1308)(LLP0002159-LCA)
Special Tax Deduction
Tax & Secretarial Fee
AskKtpTax
AskThkAcc
25/01/22
Incurred and Paid for YA 2020
& 2021

7. KTP & Company PLT (AF1308)(LLP0002159-LCA)
Special Tax Deduction
Tax & Secretarial Fee
AskKtpTax
AskThkAcc
25/01/22
Secretarial fee charged in respect of
secretarial services to comply with
the statutory requirements under the
Companies Act 2016 is deductible.

8. KTP & Company PLT (AF1308)(LLP0002159-LCA)
Special Tax Deduction
Tax & Secretarial Fee
AskKtpTax
AskThkAcc
25/01/22
General secretary charges NOT deductible:
1. Incorporation fee for new company (include professional
fees)
2. Fee for acquisition of shelf company (include
professional fees)
3. Name search fee to SSM (include professional fees)
4. Preparation of registration documents
5. Company profile printout from SSM
6. Professional fee for preparation of ordinary/ special
resolution
7. Professional fee for preparation of other resolution,
confirmation letter to bank or solicitor
8. Professional fees for preparation of trust deed
9. Preparation fees for CTC documents
10. Attestation fees for commissioner for Oaths

9. KTP & Company PLT (AF1308)(LLP0002159-LCA)
Special Tax Deduction
Tax & Secretarial Fee
AskKtpTax
AskThkAcc
25/01/22
A tax agent approved under the
Income Tax Act 1967 (Not ACCA
member, MIA member, accounting
graduate, ex-tax staff..)

10. KTP & Company PLT (AF1308)(LLP0002159-LCA)
Special Tax Deduction
Tax & Secretarial Fee
AskKtpTax
AskThkAcc
25/01/22
Preparation and submission of
income tax returns + Estimate of tax
payables

11. KTP & Company PLT (AF1308)(LLP0002159-LCA)
Special Tax Deduction
Tax & Secretarial Fee
AskKtpTax
AskThkAcc
25/01/22
A person in respect of services provided for
the preparation and submission of returns in
the prescribed form for the purposes of:
• Section 26 of the Sales Tax Act 2018
• Section 26 of the Service Tax Act 2018
• Section 19 of the Departure Levy Act 2019;
• Section 19 of the Tourism Tax Act 2017